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Top Headlines: India on digital services tax, RBI moots UPI payments charge

India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy

Mobikwik deferred the IPO slated for last year following a rout in the shares of larger rival Paytm, which went public in November. (Photo: Bloomberg)
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BS Web Team New Delhi
India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy. On the other hand, The Reserve Bank of India (RBI) has sought feedback from stakeholders on the possibility of imposing a “tiered” charge on payments made through the UPI. Read more on these in our top headlines.

India won't make sovereign commitment on future digital services tax

In a move that could delay the implementation of a global tax deal, India and other developing countries under the G24 grouping have objected